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About the Listing MSREGP - 65915,69326
131 Lafayette Avenue – Rare Mixed-Use Investment Opportunity! Well-maintained commercial property featuring a first-floor commercial space plus two apartments—a 2-bedroom on the second floor and a studio on the third. Includes a private 8-car parking lot, a rare feature in Suffern. Current rents are $1,850/month for Unit 1, $1,900/month for Unit 2, and $560/month for Unit 3, while current market rents are estimated at approximately $2,500/month, $2,200/month, and $1,350/month, respectively, offering significant upside potential. Current rents reflect only a 4.5% cap rate, with the potential to increase to approximately 7.5% through market-rate rents. Zoned PO-15, offering valuable flexibility for a variety of permitted uses. Offered as part of an 8-property assemblage at a compelling below-market package price—a unique opportunity for investors and developers.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Freezer, Gas Oven, Gas Range, Refrigerator
- Air Cond: Central Air,Varies by Unit,Wall/Window Unit(s)
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor: Carpet,Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Near Public Transit,Near School,Near Shops,Paved,No Waterfront
- Garage Capacity: N/A
- Parking Spaces: 8
- Roof:
- Others: Actual
- Sewer: Public Sewer
- Parking Features: Parking Lot,Shared Driveway
Financial Details
- Tax Amount: $14,622
- Taxes w/Assessments: N/A
- Tax/Property ID: 392607.054.036-0001-034.000/0000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
131 Lafayette Ave Suffern, NY 10901
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